'They Were Conned': How Reckless Loans Devastated a Generation of Taxi Drivers¶
Rosenthal, B. M. (2019). 'They Were Conned': How Reckless Loans Devastated a Generation of Taxi Drivers: How Reckless Loans Devastated a Generation of Taxi Drivers. The New York Times.
Cited by¶
2 citations across 2 artifacts.
Each citation links to the sentence it supports in the citing article.
Domain-specific¶
- Incumbent Backlash
- Uber and Lyft threatened the rents embedded in artificially scarce taxi medallions, whose values had reached hundreds of thousands of dollars in cities like New York
This sourceReconstructs the New York City medallion price run-up, with transfer prices in the high six figures and above.
- Uber and Lyft threatened the rents embedded in artificially scarce taxi medallions, whose values had reached hundreds of thousands of dollars in cities like New York
- Rent-Seeking Trap
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